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XAU/USD (Gold) Daily technical analysis - May 2012
The pair XAU/USD (Gold) is currently moving below the lower band of its long term bullish channel (purple lines).
Resistance 2 : 1900 points
Resistance 1 : 1800 points
Key level : 1700 points
Support 1 : 1600 points
Support 2 : 1500 points
On the long term:
The trend is neutral since the exit of its bullish channel.
We will wait an exit of the range 1500/1600 to see a clear trend :
- Bullish if 1600 points is broken
- Bearish if 1500 points is broken.
On the short term:
The pair has validated in May the breakout of 1600 points, offering a sell signal.
The trend is bearish as far as 1650 points is resistance.
The breakout of 1500 points and 1500 points will both give a new sell signal.
In case of return above 1650 points, we will wait the breakout of 1700 points to see the return of ...
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AUD/USD Daily technical analysis - May 2012
The pair AUD/USD has validated in May a return below 1.0 and also an exit of its long term bullish channel (purple lines).
Resistance 2 : 1.15
Resistance 1 : 1.10
Key point ; 1.05
Support 1 : 1.00
Support 2 : 0.95
On the long term:
The trend is now neutral with the exit of its bullish channel.
We will wait an exit of the range 0.95/10 to see a clear trend on the pair:
- Bullish if 1.0 is broken
- Bearish if 0.95 is broken
On the short term:
The trend is bearish as far as 1.0250 is resistance.
The breakout of 0.95 will give a new sell signal and open the way towards 0.90.
In case of return above 1.0250, we will wait the breakout of 1.05 to see the return of the bullish trend.
Previous AUD/USD Daily Analysis - April 2012
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EUR/GBP Daily technical analysis - May 2012
The pair EUR/GBP continues its bearish rally below the lower band of its symmetrical Triangle Top.
On the long term:
The breakout of the lower band of the symmetrical triangle gave us a sell signal allowing the long term trend to become bearish.
The breakout of 0.81 just gave us a new sell signal.
The trend will remain bearish as far as 0.84 is resistance.
The breakout of 0.77 will give a new sell signal.
In case of return above 0.84, we will wait the breakout of 0.86 to see the return of the bullish trend.
On the short term:
The trend is clearly bearish as far as 0.83 is resistance.
The breakout of 0.78 and 0.77 will both give a new sell signal.
In case of return above 0.83, we will wait the breakout of 0.84 to see the return of the bullish trend.
Previous EUR/GBP Daily Analysis - ...
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EUR/JPY Daily technical analysis - May 2012
The pair EUR/JPY continues to move into its falling wedge. The pair has validated in May a return below 105 and is currently testing the next support at 100.
Resistance 2 :120
Resistance 1 : 115
Key level : 110
Support 1 : 105
Support 2 : 100
Support 3 : 95
Support 4 : 90
On the long term:
The trend is clearly bearish as far as the pair is moving into its falling wedge.
The breakout of 100/95/90 will all give a new sell signal.
We will wait the breakout of 115 to see the trend become bullish.
On the short term:
The trend is now bearish due to the return below 105.
As far as this level is resistance, the trend will remain bearish.
The breakouts of 100/95/90 will all give a new sell signal.
In case of return above 105, we will wait the breakout of 110 to see the return of the bullish ...
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Technical analysis of the XAU/USD (Gold) pair on May 25th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made a pullback yesterday on 1580 points and just felt on the support at 1550 points.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1580 is resistance.
The breakout of 1540 will give a new sell signal and open the way towards 1500 points.
In case of return above 1580 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 24th, 2012
XAU/USD Analysis
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Technical analysis of the AUD/USD parity on May 25th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD made yesterday a pullback on 0.98 as resistance.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.9850 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.9850, we will wait the breakout of 0.9950 to advise long positons.
See the previous analysis of the AUD/USD parity of May 24th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/CHF pair on May 25th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has faked yesterday the start of a strong bullish rally.
The pair is back on the same levels before the intervention of the BNS (above 1.2010).
Indicators are neutral.
We now advise to trade only long positions as far as 1.2010 is support.
The breakout of 1.2030 and 1.2050 will both give a new buy signal.
In case of return below 1.2010, we will wait the breakout of 1.20 to advise short positions.
See the previous analysis of the EUR/CHF pair of May 24th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/GBP pair on May 25th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move on the support at 0.80 and also on the second line of its bearish channel (overlaid purple lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell siganl and open the way towards 0.7950.
In case of return above 0.8075, we will wait the breakout of 0.81 to advise long positions.
See the previous analysis of the EUR/GBP pair of May 24th, 2012
EUR/GBP Analysis
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Technical analysis of the EUR/JPY pair on May 25th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY is still moving around 100.
All indicators are bearish.
The pair is moving below the lower band of its bearish channel (purple lines).
We continue to advise short positions as far as 101 is resistance.
The breakout of 100 will give a new sell signal and open the way towards 99.50 and 99.
In case of return above 101, we will wait the breakout of 102 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 24th, 2012
EUR/JPY Analysis
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